Magnate Technology Co (ROCO:4541) ROCE % : 4.22% (As of Jun. 2024)

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What is Magnate Technology Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Magnate Technology Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.22%.

Magnate Technology Co ROCE % Historical Data

The historical data trend for Magnate Technology Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Magnate Technology Co ROCE % Chart

Magnate Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.06

-2.80

0.39

5.57

-2.43

Magnate Technology Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-0.77	0.59	-6.47	-1.03	4.22

Magnate Technology Co ROCE % Calculation

Magnate Technology Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-64.779	/	( ( (4114.492 - 988.934)	+	(3812.068 - 1598.744) )	/ 2 )
	=	-64.779	/	( (3125.558	+	2213.324)	/ 2 )
	=	-64.779	/	2669.441
	=	-2.43 %

Magnate Technology Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	92.612	/	( ( (3856.647 - 1651.973)	+	(3866.473 - 1681.696) )	/ 2 )
	=	92.612	/	( ( 2204.674	+	2184.777 )	/ 2 )
	=	92.612	/	2194.7255
	=	4.22 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

Magnate Technology Co (ROCO:4541) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Magnate Technology Co ROCE % Related Terms

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Magnate Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Magnate Technology Co Ltd (ROCO:4541) » Definitions » ROCE %

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Address

Number 11, Beiling 2nd Road, Beiling Ville., Lujhu District, Kaohsiung, TWN, 821

Website

http://www.maicl.com

Magnate Technology Co Ltd is a Taiwan-based company operating in the Aerospace & Defense Industry. The company is mainly engaged in the processing or manufacturing and sells aircraft components, mechanical equipment components and general instrument components, and other related products, It also provides aerospace product processing services. It has two operating segments which include the aircraft and Non-aircrafts segment. Geographically it generates the majority of its revenue from Taiwan.

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